Gerchik & Co Forex Broker

Gerchik & Co Forex Broker - Complete Information Guide

1. Broker Overview

　　Gerchik & Co is a brokerage firm founded in 2015 by Ukrainian traders Oleksandr Gerchik and Ivan Kroshny. The company is headquartered in Vanuatu, specifically at AJC, Govant Building, Kulum Highway, Port Vila. As a private entity, Gerchik & Co primarily serves the retail forex market, targeting clients across the Commonwealth of Independent States (CIS) and expanding its reach to a global audience.

　　Since its inception, Gerchik & Co has achieved significant milestones, including being recognized as the "Fastest Growing Broker" at the MENA Forex Show in November 2015. In December of the same year, the company received the "Breakthrough of the Year" award, and Oleksandr Gerchik was honored as the "Best Speaker." The firm has established a reputation for prioritizing client interests through its collaboration with the Traders Union and the International Financial Commission.

　　The business model of Gerchik & Co revolves around providing retail forex trading services, offering clients access to a wide range of financial instruments while emphasizing risk management and educational resources. This commitment to client education is evident in the various tools and programs available to traders, making Gerchik & Co a notable player in the forex brokerage landscape.

2. Regulation and Compliance Information

　　Gerchik & Co operates under the regulation of the Vanuatu Financial Services Commission (VFSC), holding the license number 40512. This regulatory body oversees the firms compliance with the necessary requirements for financial service providers. Additionally, Gerchik & Co is also regulated by the Financial Services Commission (FSC) in Mauritius, which adds a layer of oversight to its operations.

　　The firm ensures that client funds are kept in segregated accounts, providing a level of protection against financial mismanagement. Moreover, Gerchik & Co participates in an investor compensation fund through the International Financial Commission, which guarantees compensation of up to €20,000 per claim in case of insolvency.

　　Furthermore, Gerchik & Co adheres to Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, ensuring that it complies with international standards for financial transactions and client verification. This robust compliance framework enhances the overall trustworthiness of the Gerchik & Co broker.

3. Trading Products and Services

　　Gerchik & Co offers a diverse array of trading products, catering to various trader needs. The broker provides access to over 400 trading instruments, including:

• Forex Currency Pairs: A wide selection of currency pairs, including major, minor, and exotic pairs.
• CFDs on Indices: Access to multiple global stock indices.
• CFDs on Commodities: Trading opportunities in energy and metal markets.
• Stocks and ETFs: CFDs on stocks from leading companies and exchange-traded funds (ETFs).
• Cryptocurrencies: Trading options for popular cryptocurrencies.

　　Gerchik & Co continuously updates its product offerings, ensuring that traders have access to the latest market opportunities. The firm focuses on providing retail trading services, while also catering to institutional clients through tailored solutions. Additionally, the broker offers white-label solutions and asset management services, allowing for a comprehensive trading experience.

4. Trading Platforms and Technology

　　Gerchik & Co supports the widely recognized trading platforms MetaTrader 4 (MT4) and MetaTrader 5 (MT5), which are known for their user-friendly interfaces and powerful analytical tools.

• MetaTrader 4: This platform is ideal for trading currency pairs and CFDs, offering a robust set of features, including automated trading through Expert Advisors (EAs) and a variety of technical indicators.
• MetaTrader 5: The upgraded version of MT4, MT5 provides additional functionalities, such as more timeframes, advanced market depth, and enhanced analytical resources.

　　The broker does not currently offer a proprietary trading platform, but it provides a web-based trading option and mobile applications for both iOS and Android devices, enabling traders to access their accounts on the go.

　　Gerchik & Co employs a Market Execution model, ensuring fast order execution and minimal slippage. The broker's servers are located in a secure data center, enhancing the overall trading experience. Additionally, it supports API access and automated trading, allowing traders to implement their strategies effectively.

5. Account Types and Trading Conditions

　　Gerchik & Co offers several account types to meet the diverse needs of its clients:

• Zero Account: Minimum deposit of $100, spreads starting from 1 pip, and a commission of $10 per lot.
• Mini Account: Requires a minimum deposit of $500, with spreads from 0.4 pips and a commission of $10 per lot.
• Simple Account: A popular choice with a minimum deposit of $1,000, offering spreads starting from 0 pips and a commission of $10 per lot.
• Silver Account: Requires a $10,000 minimum deposit, with spreads starting at 0 pips and a commission of $9 per lot.
• Gold Account: Minimum deposit of $25,000, with 0 pips spreads and a commission of $8 per lot.
• Platinum Account: Requires a minimum deposit of $100,000, offering 0 pips spreads and a commission of $7 per lot.

　　The maximum leverage across account types is 1:100, which is considered conservative compared to some competitors. The minimum trade size is 0.01 lots, and the broker has specific overnight fees for positions held beyond trading hours.

6. Fund Management

　　Gerchik & Co supports a variety of deposit and withdrawal methods, ensuring convenience for its clients. The available deposit methods include:

• Bank Transfer (SEPA)
• Mastercard
• Perfect Money
• Volet

　　The minimum deposit varies by account type, with the Zero Account requiring $100 and the Platinum Account requiring $100,000. Gerchik & Co does not charge fees for deposits or withdrawals, although third-party fees may apply.

　　Withdrawal requests are typically processed within 1-2 business days, with clients able to withdraw funds using the same methods as deposits. The minimum withdrawal amount ranges from $1 to $100, depending on the method chosen.

7. Customer Support and Educational Resources

　　Gerchik & Co provides robust customer support through multiple channels, including:

• Email Support
• Live Chat on the Website
• Phone Support
• Social Media Platforms

　　Customer support is available from 9:00 AM to 6:00 PM (GMT +2), ensuring that clients can receive assistance when needed. The broker offers support in multiple languages, including English, Russian, and Spanish.

　　In terms of educational resources, Gerchik & Co emphasizes trader education by providing various materials such as:

• Webinars
• Video Tutorials
• E-books
• Market Analysis Reports

　　These resources are designed to help traders improve their skills and make informed decisions in the financial markets. The broker also provides trading tools like calculators and market calendars to enhance the trading experience.

8. Regional Coverage and Restrictions

　　Gerchik & Co operates globally, with a primary focus on markets in the CIS region. The broker has established regional offices in several countries, including China, Europe, and the United Kingdom. However, there are restrictions on servicing clients from certain jurisdictions, including:

• United States
• Canada
• Pakistan

　　Clients from other countries can trade with Gerchik & Co, provided they meet the required documentation standards. Prospective clients should verify their eligibility based on their location before opening an account.

　　In summary, Gerchik & Co presents itself as a versatile broker with a strong emphasis on education and risk management. While it offers competitive trading conditions and a wide range of instruments, potential clients should carefully consider the regulatory aspects and their trading goals before engaging with the Gerchik & Co broker.